Orca Exploration Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per Class A Common Voting Share of the Company and $0.06 per Class B Subordinate Voting Share of the Company. The dividend will be payable on January 31, 2020 to holders of Class A Common Voting Shares and Class B Subordinate Voting Shares of record on December 31, 2019. About Orca Exploration Group Inc [...]
Orca Exploration Group Inc. announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2019 with the Canadian securities regulatory authorities. During Q3 2019 the Company completed the installation of the refrigeration unit for the Songas processing and transportation facilities . The refrigeration [...]
Orca Exploration Group Inc. announces its independent natural gas resource assessment report dated as of June 30, 2019 . All references to "natural gas" in this press release refer to "conventional natural gas" as defined in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities . The Resource Report was commissioned to provide our stakeholders with an understanding of the contingent and [...]
Orca Exploration Group Inc. announces that it has completed its normal course issuer bid for its Class B Subordinate Voting Shares . Under the Bid, Orca repurchased 933,028 Class "B" Shares at a weighted average price of $6.43 per Class "B" Share for aggregate consideration of approximately Cdn. $6,000,000, being the maximum aggregate consideration authorized under the Bid. The Class "B" Shares repurchased under the Bid [...]
Orca Exploration Group Inc. is pleased to provide the following operational update on its current activities in Tanzania. Orca’s Additional Gas sales increased to 64 million standard cubic feet a day in August 2019, taking the average for the year to date to 60 MMscfd . On September 25, 2019, an agreement was reached with the Tanzania Petroleum Development Corporation to increase the maximum daily quantity of [...]
Orca Exploration Group Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per Class A Common Voting Share of the Company and $0.06 per Class B Subordinate Voting Share of the Company. The dividend will be payable on October 31, 2019 to holders of Class A Common Voting Shares and Class B Subordinate Voting Shares of record on September 30, 2019. About Orca Exploration Group [...]
Orca Exploration Group Inc. , operator of the Songo Songo gas field in Tanzania, today announces the appointment of RBC Capital Markets to review strategic alternatives for the Company under the direction of a special committee of independent directors . As detailed in the Company’s July 25, 2019 press release, the board of directors is continuing to focus on maximizing the value of the Company's Tanzanian business [...]
Orca Exploration Group Inc. announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2019 with the Canadian securities regulatory authorities. During Q2 2019 the Company continued delivering and selling gas through the National Natural Gas Infrastructure which allowed the Company to maintain the increase [...]
Orca Exploration Group Inc. announced that its board of directors is continuing to focus on maximizing the value of the Company's Tanzanian business, including by pursuing discussions with the Tanzanian authorities to extend the term of the Songo Songo Production Sharing Agreement, Gas Sales Agreement and Development Licence, considering modifications to the Company's current business plan for its Tanzanian business, and [...]
Orca Exploration Group Inc. , operator of the Songo Songo gas field in Tanzania is pleased to provide an operational update on its current activities in Tanzania. In early July 2019, Orca’s subsidiary, Pan African Energy Tanzania Limited , completed the installation of a refrigeration package within the Songas facilities. The unit is now operational, which has enabled PAET to increase the volumes that can be [...]
Orca Exploration Group Inc. announces that its Board of Directors has received the certificate of the Chief Financial Officer referred to in its press release of May 29, 2019 and confirms that the Board of Directors has declared a special cash dividend of $0.06 per Class A Common Voting Share of the Company and $0.06 per Class B Subordinate Voting Share of the Company payable to the holders of Class A Shares and Class B [...]
Orca Exploration Group Inc. announces its intention, subject to the approval of the TSX Venture Exchange , to initiate a Normal Course Issuer Bid for purchase of its Class B Subordinate Voting Shares through the facilities of the Exchange and alternative trading systems in Canada. Purchases made pursuant to the Bid will not exceed 1,000,000 Class "B" Shares, representing approximately 3% of the total outstanding Class "B [...]
+43,04 %
-94,12 %
